Ruru Hydropower Project is going to issue IPO from Chaitra 20. The company is going to issue IPO by adding premium price to the face value. The company has stated that it is going to issue an IPO at Rs 120 per share by adding a premium price of Rs 20 to the face value of Rs 100.
A total of 47,706 IPO shares have been issued. Out of this, 8,154 employees and 20,385 mutual funds have been allotted. The general public will be able to apply for the remaining 379,167 kittas.
Applications can be submitted till Chaitra 24. If there is no IPO sale at that time, the sale will be kept open till Baishakh 3. Applications can be made for a minimum of 10 lots and a maximum of all lots in the IPO of Ruru Hydropower. NMB Capital will act as the sales manager.
ICRA Nepal has given a grade 3 rating to this project. The Grade 3 rating obtained by the company shows that it is good on average. Earlier, Ruru had sold IPO to locals.
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